The bill has been delayed in parliament for six years due to political wrangling and opposition by international energy companies against proposed tax and royalty terms, deterring investment into Africa’s top oil producer.
Paloch in Upper Nile state has re-emerged as the rebels’ prime target. Fighting that began in December 2013 has slashed oil output by at least a third to about 165,000 barrels per day, the Oil Ministry said.
Africa’s largest oil producer continues to endure tough market conditions and instability, which some fear could escalate as the postponed February elections arrive.
The battle to win the contract to design and build a world-class FLNG unit to be used by Eni and its partners on a mega-gas project offshore Mozambique is coming to the boil.
The prospects include Al Khayr, Tortue and Marsouin.
Anadarko Petroleum has decided to terminate its charter of the Dolphin Drilling drillship Belford Dolphin in September this year, with the unit currently working for the operator off east Africa’s Mozambique.
Various subsea equipment will be delivered throughout 2015 and 2016.
UK independent Sterling Energy has had the exploration period for two frontier blocks northwest of Madagascar extended.
The contract is for a firm charter period of 15 years with five yearly extension options exercisable by the client.
Mozambique regulators have added an additional three months to the initial deadline of 20 January for its Fifth Licensing Round due to high interest and requests for more time from exploration companies.
The well is the first in the company’s two-well exploration program in the Bomono permit area. The well, which was drilled to a total depth of 1,720 m, is being suspended as planned to enable future reentry, Bowleven said.
Italy’s Eni has asked advisers to look at options for the assets, which include interests in oil and natural-gas fields, people with knowledge of the private matter told Bloomberg.
Acquisition over a total area of 30,000 sq km will commence in mid-August 2015 and is scheduled to last up to two months, CGG said in a news release.
There could be 15Bcm of natural gas at 3,600m deep in Western Abu Madi, 120km northeast of Alexandria, where Eni holds 75% percent exploration rights through Egyptian subsidiary, Reuters said.
The East African nation will announce the list of companies that qualify by Aug. 10 and expects to issue a request for bids from applicants on Aug. 20.
Total began production from Dalia Phase 1A, a new development on its deepwater Block 17offshore Angola. The project involved seven infill wells that were tied back to the Dalia FPSO.
Production is down 38% to 65Mbbl/d, and gas exports are stopped, at Tullow’s Jubilee Field in Ghana, which accounts for most of its oil output, the company told Reuters.
Construction of the 10 million-ton-a-year LNG plant would probably be complete around 2020, said Willington Hudson, a director at state-run Tanzania Petroleum Development Corp. BG Group Plc and Statoil ASA are still drilling the fields that would feed the plant, he said.
The well is expected to produce about 7,000 barrels of oil per day following optimization of choke size.
Libya might double crude oil output to 800Mbbl/d July, Bloomberg said. Es Sider and Ras Lanuf oil ports could reopen. Mesla, Sarir, Jurf and Bouri fields produce majority of oil.
Statoil is planning a slimmed down version of its Snøhvit subsea-to-beach development in the Barents Sea to tap the 620bcm of gas it has discovered off Tanzania.
BP and RWE Dea have finalized agreements for the $12 billion West Nile Delta project, offshore Egypt, which will cover development of 140 Bcm and 55 MMbbls of condensate.
Total's deep export production treatment hub (DEPTH) program focuses on deepwater gas and has a number of elements that include an all-electric production system.
Key focus areas for the FEED process will be defining the number of wells required at first gas, the cost of the development and the delivery time of the long lead subsea items, such as subsea trees, that are on the critical path to first gas, according to a news release.
Nigerian National Petroleum Corp. lost regulatory authority by President Muhammadu Buhari in an anti-corruption move, Bloomberg said. During recent elections, Buhari’s congress said the company would be broken into units.
Jubilee’s phase one A will use large-bore subsea completion landing strings, subsea exploration and appraisal landing strings, high flow-rate surface well testing and sampling services.
Following discussions with the Ugandan government and the URA, Tullow has agreed to pay $250 million in full and final settlement of its CGT liability, according to a news release.
Board estimates the deal’s total value at about US$750 million. Transaction is scheduled to close within one week. West Polaris is a sixth-generation ultradeepwater drillship contracted to ExxonMobil in Angola.